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AI Analysis of GSM
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Green day on Friday for Ferroglobe PLC
(Updated on May 03, 2024)

Buy or Hold candidate since Apr 25, 2024 Gain 3.66% PDF

The Ferroglobe PLC stock price gained 0.749% on the last trading day (Friday, 3rd May 2024), rising from $5.34 to $5.38. During the last trading day the stock fluctuated 2.47% from a day low at $5.26 to a day high of $5.39. The price has risen in 7 of the last 10 days and is up by 7.39% over the past 2 weeks. Volume fell on the last day by -209 thousand shares and in total, 1 million shares were bought and sold for approximately $5.88 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 6.50% during the next 3 months and, with a 90% probability hold a price between $4.82 and $6.04 at the end of this 3-month period.

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GSM Signals & Forecast

The Ferroglobe PLC stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $5.27 and $5.03. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 7.82%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Ferroglobe PLC stock

On the downside, the stock finds support just below today's level from accumulated volume at $4.88 and $4.54. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Ferroglobe PLC finds support just below today's level at $4.88. If this is broken, then the next support from accumulated volume will be at $4.54 and $4.47.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.130 between high and low, or 2.47%. For the last week, the stock has had daily average volatility of 3.20%.

Our recommended stop-loss: $5.17 (-3.93%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 12 days ago.)

Trading Expectations (GSM) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect Ferroglobe PLC to open at $5.34, and during the day (based on 14 day Average True Range), to move between $5.18 and $5.58, which gives a possible trading interval of +/-$0.202 (+/-3.75%) up or down from last closing price. If Ferroglobe PLC takes out the full calculated possible swing range there will be an estimated 7.49% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $5.44 (1.12%) than the support at $4.88 (9.29%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Ferroglobe PLC stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Ferroglobe PLC stock to perform well in the short-term.

Current score: 3.210 Buy Candidate Unchanged

Predicted Opening Price for Ferroglobe PLC of Monday, May 6, 2024

Fair opening price May 6, 2024 Current price
$5.34 ( 0.682%) $5.38

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for GSM

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 5.47 1.73 %
R2 5.42 0.81 %
R1 5.39 0.242 %
Current price: 5.38
Support S1 5.29 -1.60 %
S2 5.26 -2.17 %
S3 5.21 -3.10 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 5.58 3.72 %
R1 5.44 1.12 %
Current price 5.38
Support S1 4.88 -9.29%
S2 4.54 -15.61%
S3 4.47 -16.91%

GSM Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 21, 2024 Mar 21, 2024 Mar 28, 2024 $0.0130 0.261%
2 Aug 21, 2018 Sep 04, 2018 Sep 20, 2018 $0.0600 0.721%
3 May 21, 2018 Jun 07, 2018 Jun 29, 2018 $0.0600 0.700%
4 Nov 14, 2016 Dec 06, 2016 Dec 29, 2016 $0.0800 0.725%
5 Aug 03, 2016 Sep 12, 2016 Sep 28, 2016 $0.0800 0.87%

FAQ

What is the symbol for Ferroglobe PLC Stock and on which exchange is it traded?
The symbol for Ferroglobe PLC is GSM and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Ferroglobe PLC Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Ferroglobe PLC stock to perform well in the short-term.

How to buy Ferroglobe PLC Stock?
Ferroglobe PLC Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Ferroglobe PLC Stock.

What's the current price of Ferroglobe PLC Stock?
As of the end of day on the May 03, 2024, the price of an Ferroglobe PLC (GSM) share was $5.38.

What is the 52-week high and low for Ferroglobe PLC Stock?
The 52-week high for Ferroglobe PLC Stock is $6.78 and the 52-week low is $3.95.

What is the market capitalization of Ferroglobe PLC Stock?
As of the May 03, 2024, the market capitalization of Ferroglobe PLC is 1.008B.

When is the next earnings date for Ferroglobe PLC?
The upcoming earnings date for Ferroglobe PLC is May 14, 2024.
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About Ferroglobe PLC

Ferroglobe PLC Ferroglobe PLC operates in the silicon and specialty metals industry in the United States, Europe, and internationally. It provides silicone chemicals that are used in a range of applications, including personal care items, construction-related products, health care products, and electronics, as well as silicon metal for primary and secondary aluminum producers; silicomanganese, which is used as deoxidizing agent in the steel manufacturing proces... GSM Profile

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